Indonesia is one of the emerging markets for the development of the Islamic finance securitization i.e. sukuk. Beyond that, there is much need to be done for the growth of the sukuk market. Being country abundance with the natural resources, idle land and cultivated area should be seen as an opportunity to turn it into the assets securitization. This indirectly would inject liquidation to the Indonesian economic, perhaps to achieve efficiency in the whole economic sectors. Thus, objectives of this paper are to propose equity based sukuk structures for agriculture projects. Besides, several issues pertaining to the risk management of the sukuk also will be discussed in this study. Risk management is vital to be conferring as this would affect the liquidity position of the sukuk. The developments of the model oblige close and undivided attention, solely to avoid conflict with the prevailing thinking of Muslim investors. In addition, comprehensive understandings on the risk from the Islamic perspectives need to be further explored. Otherwise the fundamental parts will be remains abstract.